Distributed Ledgers Design and Regulation of Financial Infrastructure and Payment Systems

• Main Author: Townsend, Robert M. (auth)
• Format: Electronic Book Chapter
• Language: English
• Published: Cambridge The MIT Press 2020
• Series: The MIT Press
• Subjects: Credit & credit institutions; Online finance & investing; Parallel processing; Bitcoin; blockchain; distributed ledgers; distributed ledger technology; DLT; decentralization; smart contracts; tokens; currency; cashless economy; e-money; payment system; Encryption; proof of work; proof of stake; Ethereum; Libra; Ripple; Stellar; Algorand; central banks; mechanism design; algorithmic digital reserve bank; Townsend Thai project
• Online Access: DOAB: download the publication; DOAB: description of the publication

An economic analysis of what distributed ledgers can do, examining key components and discussing applications in both developed and emerging market economies. Distributed ledger technology (DLT) has the potential to transform economic organization and financial structures. In this book, Robert Towns...